Insuring the uninsured – IBLI and partners extend in Ethiopia

Posted on November 18, 2014 by IBLI Africa • Leave a comment

As the world of finance continues to evolve the need for insurance also is growing both in Ethiopia and around the world. However rural communities and especially pastoralist communities tended until recently to have been denied access to insurance among other reasons being their remoteness and lack of specialized insurance scheme for their community. But that’s about to change as Oromia Insurance Company Share Company (OIC) one of the newest entrants to the industry has embarked on covering this often neglected community starting with the Borena pastoralist community Continue reading →

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IBLI and Oromia Insurance Company introduce insurance scheme for pastoralists in Southern Ethiopia

Posted on November 9, 2014 by ILRI Communications • Leave a comment

Oromia Insurance Company has introduced a new service using satellite data to insure pastoralists in Southern Ethiopia by using Index Based Livestock Insurance (IBLI). Continue reading →

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IBLI Borena Household Survey Data is publicly available

Posted on August 19, 2014 by IBLI Africa • Leave a comment

IBLI Borena Household Survey Data is publicly available. For more details, visit ILRI Datasets Portal: link to round 1 data link to round 2 data Continue reading →

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Insuring the Uninsured… OIC’s new Index Based Livestock Insurance for Borena pastoralists

Posted on January 8, 2013 by IBLI Africa • Leave a comment

Oromia Insurance Company (OIC) has recently launched a new product dubbed Index Based Livestock Insurance (IBLI) for pastoralists in Borena Zone, Oromia National Regional State. For farmers and pastoralists in Ethiopia’s drought vulnerable zone, the launching of IBLI is very good news. Borena has been affected by drought recurrently over the past couple of years. … Continue reading →

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Livestock insurance helps herders to protect livestock

Posted on May 4, 2012 by IBLI Africa • Leave a comment

In Kenya, the value of the pastoral livestock sector is estimated to be worth 800 million U.S. dollars Livestock insurance scheme developed by pastoralists in partnership with the Nairobi-based International Livestock Research Institute (ILRI) is helping Kenyan herders to protect their marketable assets. The new book on markets development for African small holder farmers published … Continue reading →

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Pioneering insurance for remote livestock herders taking hold in drought-prone areas of Kenya and Ethiopia

Posted on December 2, 2011 by IBLI Africa • 1 Comment

Laurie Goering, a reporter for AlertNet writing from the United Nations climate change meetings in Durban this week, says that pioneering insurance projects are giving remote pastoral livestock herders a way to reduce the risks they face from a changing climate that presents recurring, dramatically severe, droughts. ‘Equipping illiterate migratory herders with drought insurance in one … Continue reading →

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Insurance aims to help herders avoid ‘downward spiral’ from drought

Posted on December 2, 2011 by IBLI Africa • Leave a comment

DURBAN, South Africa (AlertNet) – Equipping illiterate migratory herders with drought insurance in one of the driest regions of drought-prone East Africa might seem a big task, particularly in a region where claims adjustors, cell phone coverage and cash to pay for policies are nearly as rare as rain itself. But a range of such … Continue reading →

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Kenya: Farmers may soon receive first drought payout

Posted on August 16, 2011 by brendawandera • Leave a comment

Nairobi — Insurers will assess in October whether Kenyan farmers signed up to the Index-Based Livestock Insurance scheme will receive their first payment, after the worst drought in the region for 60 years. The scheme, which has been piloted in northern Kenya since early 2010, uses freely-available satellite data to assess the state of pastures. … Continue reading →

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Exploring weather index insurance in Ethiopia

Posted on December 9, 2010 by ILRI Communications • 1 Comment

Researchers, insurance brokers, insurance companies, banks, donors, ministry of agriculture and non-governmental organizations participated in a workshop this week to discuss index insurance for agriculture in Ethiopia. Three projects of the Index Insurance Innovation Initiative (I4) hosted by the Food and Agriculture Organization (FAO), the international Food Policy Research Institute (IFPRI) and the International Livestock Research … Continue reading →

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IBLI explores opportunities in Ethiopia

Posted on July 23, 2010 by IBLI Africa • Leave a comment

A one day workshop was held at the ILRI Addis Ababa campus on 12th July 2010 aiming to introduce potential partners and key stakeholders to the concept of index-based livestock insurance (IBLI), outlining the key relevant issues from the Marsabit pilot, and discuss our interest in developing a similar kind of product for Southern Ethiopia. … Continue reading →